My Personal CFO LLC Buys 12,012 Shares of Microsoft Co. (NASDAQ:MSFT)

My Personal CFO LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 43.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,817 shares of the software giant’s stock after purchasing an additional 12,012 shares during the period. Microsoft accounts for about 9.5% of My Personal CFO LLC’s investment portfolio, making the stock its 2nd biggest holding. My Personal CFO LLC’s holdings in Microsoft were worth $17,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bayesian Capital Management LP grew its position in shares of Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares during the last quarter. Warren Street Wealth Advisors LLC boosted its stake in Microsoft by 16.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock valued at $2,545,000 after purchasing an additional 956 shares during the period. Czech National Bank grew its position in Microsoft by 0.4% in the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after purchasing an additional 5,253 shares during the last quarter. True Link Financial Advisors LLC increased its stake in shares of Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after purchasing an additional 2,264 shares during the period. Finally, United Advisor Group LLC bought a new position in Microsoft in the 4th quarter worth approximately $9,538,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $420.69 on Wednesday. The firm has a market cap of $3.13 trillion, a price-to-earnings ratio of 36.42, a P/E/G ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The business’s 50-day simple moving average is $418.77 and its 200-day simple moving average is $425.13. Microsoft Co. has a 52 week low of $311.21 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $2.69 EPS. As a group, equities research analysts expect that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is currently 28.74%.

Microsoft announced that its Board of Directors has approved a stock repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. BMO Capital Markets upped their price objective on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Bank of America raised their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. TD Cowen upped their price target on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $493.94.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by company insiders.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.